Why businesses need to automate accounts payable?

Automation is driving us into the future and moving businesses towards higher profitability. Automation technology applied to managing business travel, business expenses, and accounts payable improves profitability by lowering operating costs while providing the type of spend data required for more informed business decisions.

Certainly, improving business processes for managing expenses will produce measurable results and ROI. Automation in Accounts Payable will make processes easier, faster, and more data-driven while it allows your accounting experts to invest more of their precious time on higher-value tasks other than manual data entry and document review.

Gain greater visibility into corporate spend.

According to a recent PayStream Advisors Survey, “in a large number of North American companies many professionals in the finance department – especially those in accounts payable – are still relying on manual processes to manage invoices.” Those manual processes cost those companies money and put them at a competitive disadvantage.

On the other hand, companies which are automating their procure-to-pay process are more nimble, more competitive, and make better informed business decisions because they now have the highest degree of visibility into total company spend. At the operational level, better visibility into corporate spending can lead to more opportunities for early-payment discounts while avoiding costly duplicate or incorrect payments.

Spend management has come of age.

Aligning Workflows. Agile Methodology. Integrated.

Corporate leaders are looking for better ways to run their business. Expense management solutions that integrate travel, expense, vendor invoices and purchase card data in one place enables better spend visibility, smooth and secure review and approval workflows, and ensures compliance with spend policies and procedures all at the same time.

How we do it.

ExpenseAnywhere provides a portfolio of cloud-based Accounts Payable Automation solutions for businesses of every type and size that reduce operating costs, help to mitigate risks to the business, and provides spend data for better business decisions. Discover for yourself why private and public sector customers around the world rely on ExpenseAnywhere, PurchaseAnywhere, and InvoiceAnywhere to improve workflows in accounting and across their entire organization.

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About Us

ExpenseAnywhere increases profitability by lowering operating costs through process automation. Our cloud-based solutions improve operating efficiency by automating manual processes while data and dashboards improve business decisions through better spend management. We deliver custom-configured, secure, and intelligent solutions to customers of every type and size anywhere in the world in a truly collaborative way that simplifies some of the most complex and costly business processes related to accounts payable including business travel expense management, corporate and purchase card spend management, and purchase order and vendor invoice management.